RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

3 Upgrades Every Homeowner Should Make

June 27, 2016 2:42 am

(Family Features)—Improving your home can grow the value of your investment—if the right upgrades are made. No matter which kind of home you own, these home improvements top the list.

1. Power Backup – Natural disasters are on the rise, and expected to become more impactful in the future. Installing a standby generator system is one upgrade that will pay dividends in peace of mind. Look for a system that has automatic “power management” technology—this will power all of your home’s appliances efficiently and safely.

2. Smart Home Automation – The smart home is here to stay, and more and more homebuyers are looking for properties outfitted with the latest in home automation. Whether it’s an app that flicks on the lights or a thermostat that self-adjusts, integrating this technology can save you from inconvenience, more money and more time.

3. Security – You can’t put a price on safety. From keypad and silent alarms to cameras and motion detectors, a home security system is well worth the expense. Consult a home security expert in your area to determine which system will be most beneficial for your home.

These three upgrades are ideal for any homeowner. Keep these in mind the next time you invest in improving your home—they will be well worth it!

Source: Briggs & Stratton

Published with permission from RISMedia.


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The Cities with the Highest and Lowest Property Tax Rates

June 27, 2016 2:42 am

Property taxes—levies imposed on owners of properties—are an important consideration for homeowners, buyers and sellers. The tax rate, which is typically overseen by a local government, varies depending on location.

“The property tax is a critical source of revenue for local government services, from education to public safety,” says Joan Youngman, chair of the Lincoln Institute of Land Policy’s Department of Valuation and Taxation. The Institute recently released its annual 50-State Property Tax Comparison Study, which tracks “effective” property tax rates in every state.

Currently, the city with the highest property tax rate on a median-valued home is Bridgeport, Conn., at 3.88 percent, according to the study. Bridgeport residents have a higher rate because they pay no income or local sales taxes. The city with the second-highest property tax rate is Detroit at 3.81 percent, due to the city’s flat home values.

Rounding out the top five cities with the highest property tax rates are Aurora, Ill. (3.72 percent), Newark, N.J. (3.05 percent), and Milwaukee, Wis. (2.68 percent).

Honolulu, in contrast, has the lowest property tax rate on a median-valued home at 0.30 percent, due in part to high home values, according to the study. Cheyenne, Wyo. (0.65 percent), Denver (0.66 percent), Birmingham, Ala. (0.66 percent), and Boston (0.67 percent) follow suit.

Per the study, New York City ranks highest for apartment property tax rates, at five times higher than that on a median-valued home.

Generally, property tax rates are determined at the local level. Contact a real estate professional in your area for more information.

Source: Lincoln Institute of Land Policy

Published with permission from RISMedia.


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